NJBIZ: So You Want to Open a Restaurant
Catherine Wells and Gemma Giantomasi were featured in NJBIZ's FoodBiz issue in republished article titled "So You Want to Open a Restaurant...Here Are a Few Tips From the Experts." Catherine suggests protecting the business from the start, “If there are multiple people involved in the business, having an operators or shareholders agreement at the formation of the business can help delineate rights and responsibilities of partners and members so you can minimize the risk of disputes down the road. It can set forth the percentage of the business each person owns, who is responsible for what aspects of the business, how decisions are made, how profits are distributed and the manner in which to dissolve the business.” Gemma suggests considering your site selection, "If your location is within 200 feet of a church or a school, you will need an annual waiver from those institutions in order to have a liquor license in that location."
To read the full article, please visit NJBIZ's website. (Subscription required.)